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401-4889-00L 11 Credits DR , MSC D-ITET , D-MATH , D-INFK
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Mathematical Finance

Lecturers & Examiners: Prof. Dr. Josef Teichmann
VVZ CR n/a

Last Updated: 2026-02-05 15:35:15

Abstract

Advanced course on mathematical finance:- semimartingales and general stochastic integration- absence of arbitrage and martingale measures- fundamental theorem of asset pricing- option pricing and hedging- hedging duality- optimal investment problems- additional topics

Objective

Advanced course on mathematical finance, presupposing good knowledge in probability theory and stochastic calculus (for continuous processes)

Content

This is an advanced course on mathematical finance for students with a good background in probability. We want to give an overview of main concepts, questions and approaches, and we do this mostly in continuous-time models. Topics include - semimartingales and general stochastic integration - absence of arbitrage and martingale measures - fundamental theorem of asset pricing - option pricing and hedging - hedging duality - optimal investment problems - and probably others

Resources

Lecture Notes

The course is based on different parts from different books as well as on original research literature.Lecture notes will not be available.

Literature

(will be updated later)

Learning Materials (Links)

General Information

Language
English
Levels
DR , MSC
Frequency
Yearly recurring

Examination

Type
session examination
Mode
oral 30 minutes

Course Components

Type Title Time & Place Hours
lecture Mathematical Finance
  • Tue 08:15-10:00 (LFW B 1)
  • Thu 08:15-10:00 (ML F 36)
4 h weekly
exercise Mathematical Finance
  • Fri 10:15-12:00 (ML F 38)
2 h weekly

Offered In